Begin Importation From Any Country of Your Choice With Just
Transcript of Begin Importation From Any Country of Your Choice With Just
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BEGIN
IMPORTATIONFROM ANY
COUNTRY OF YOURCHOICE WITH JUST
#2000
BY
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NWANGUMA
OLUMATI DAVID(MR.GRIN)
CONTENT:
Ch!"$ %&&&&&&. IMPORT FORMALITIES
%.%&&&&. S''$ R!*+,-,',",
%.2&&&&& I!*$"$ R!*+,-,',",
%./&&&&& I!*$" D"1 P1+" + C'$+3 *4 G**
CHAPTER 2....................... Wh" * I + "* B5,+6CHAPTER /&&&&&& SARTING YOUR IMPORTATON BUSINESS WITH
JUST #2000
/.%&&&&&&&& M*+1 "$+4$ A5+3,7 WHO ARE
THEY6
CHAPTER 8……………. Ch39 1 !$*" "-'
8.%&&& HOW TO RAISE CAPITAL FOR YOURIMPORTING BUSINESS
4.2…..WHO ARE YOUR TARGET AUDIENCE6
4.3… ITEMS TO CONSIDER WHEN STARTING AN IMPORTING BUSINESS
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4.4 HOW TO SELL
CHAPTER ;&&&.. ADVERTISEMENT
5.1THE MOST RELAIBLE COMPANY TO BUY FROM IN CHINA:
5.2 STEPS OF MAKING ORDERS DIRECT ONLINE.
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Why Imp!"#"$%&
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Ch#p"(! 7.
IMPORT FORMALITIES
GUIDELINES FOR IMPORTERS AND EXPORTERS OF GOODS TO
NIGERIA
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CHAPTER 2
L(") ,('$% "h( ,-)$%()) / "h( 0#y….
Wh" * I + "* B5,+6
< Cash:
One of the things you need to consider before
Starting your importing business is the CASH available to youFor the business. In this article, I will clearly advice on the
Kind of business you can go into with some range of cash in
View.
< Look around you:
Another important thing you have to consider before starting
Your importing business is the demand for what you want to
Import or the need around you. It will be a total waste of time And resources if you invest your money to import products that
Are not really in demand around you. For example, if you are a
Student in any university around, you will agree with me that
Clothes, Ladies bags, Laptops, Phones, will sell faster than vehicle
Accessories on campus.
< Which country is best?
This is another vital thing that has to be put into consideration
when considering starting your import business. After you must
have considered the cash available to you and the product you
want to buy, the next thing is to consider the source/country
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where those things will be bought. This will help you to consider
the cost of shipping from that country, cost of clearing of your
products, and the acceptability of the source of your products to
your customers.
< Clearing cost
This is another major thing that has to be considered before
starting an import business. Cost of clearing is the money paid to
the clearing agent that clears the goods through customs. It
differs from product to products.
Some products are classified as contraband. These are productsthat the Nigerian government does not actually want to
encourage their importation so that local producers too can make
money.
So what the government usually do to discourage the importation
of such product is to increase the custom duties that will be paid
on such products. For example, clothes importation is classified
as contraband for now. It does not necessarily mean you cannot
import clothes at all but you will have to pay more for clearing.Electronics are not contraband and so what you pay on it as
custom duties is minimal compared to clothes.
< Who to buy from
Th$) $) #%"h(! $mp!"#%" "h$%' " %"( ,(#-)( y- m-)" ,( )-!( / "h(mp#%y ,(/!( y- ,('$% " 0 ,-)$%()) +$"h "h(m. A*+#y) !(m(m,(!"h#" "h(!( #!( *") / p(p*( % "h( $%"(!%(" +$"h "h($! +$0( m-"h p(% #%0
!(#0y " (#" -p y-! m%(y. 7.it is not just having somebody therethat matters too much but how reliable is the contact.
CHAPTER 3
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SARTIN !"#R I$%"RTAT"N
SIN'SS WIT( )#ST *+,,, This manual is primarily for people who fall within this cash
Range or more. Meanwhile other people with farmore capital at their disposal will surely have better leverage.
Having considered all the above, the following
products /goods will be very good for importing business:
Laptop computers, Notebook computers, External DVD drive,
Flash drives, IPods, Digital Cameras, Mobile Phones, Jeans,
Designer Shirts (T.M, NEXT, e.t.c), Ladies bags, Shoes, Children
clothes, Designer Suites
(Armani,Versacea,D&G,BOSS,e.t.c),Ties,e.t.c. Hollandaise, Power banks, solar lantern, wall papers, bed spreads, towels, washing
machines, used laptops and desk tops ,
The list is endless! These are just a few.
< ('LL"
Once you have decided on what you want to SELL, the next thingis for you to decide on the country of source. I will Recommend
CHINA!Some people sometimes will tell you that China products are not
Good. I was once of that school of thought until my business
partner traveled to
China in March, 2009 to do something and buy some
Products.
Fortunately He wanted to do some window shopping on Phones
and He saw it as a great opportunity to accuse the Chinese of
Bringing fake things to Nigeria. After He told the Chinese man how
We felt about their products in Nigeria most especially phones, the
Man smiled and took Him to a part of his shop where He saw some
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Nigerians given them the specifications they want in their
Products. It was then that we realized that it was our
Businessmen that demands for lower quality products in order to
Maximize profit.
The man now showed Him round his shops to see the originalProducts.
He said Thus:
I must confess to you, I was forced to buy another Nokia E71 and
E55 there to bring home to show people too that I bought it in
China and to my amazement; it was difficult for my friends to
believe. Thank God they knew I actually traveled to China!
< Why C(INA
The major reason why I am recommending China is because their
Products are still Cheaper compared to what you have in America
and Europe even with the same quality. The reason for this is
because of the cheap labor in China.
Another reason why I am also recommending China is because I
Have very good and reliable contacts there. I am ready to give you The contacts I have there for free for you to talk to them
Personally without me whenever the need arises. Always contact us
at5$,++,++*=",*+>5,'.3*
Y* ?,'' 5" '' "h 3*!+1 ",' " "h + *4 "h, -**9.
/.%
< $oney transfer Agencies- W(" AR' T('!?
Th( m%(y "!#%)/(! #'(%$() #!( )$mp*y mp#%$() ! $%0$1$0-#*) +h)( , $) " "!#%)/(! m%(y /!m N$'(!$# " #%y mp#%y $% #%y p#!" / "h(+!*0. Y- #% #*) 0 "h( "!#%)/(! y-!)(*/ $/ y- h#1( # 0m$$*$#!y
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#-%" ,-" $" $) h(#p(! #%0 /#)"(! +h(% y- -)( "h( "!#%)/(! #'(%").B(*+ #!( # *$)" / )m( / "h( "!#%)/(! #%0 *(#!$%' #'(%$() $% N$'(!$#.
(The fund agent I use charge on a ratio of 1:1 if I transfer
$1,they charge #1.If I transfer $1000,they charge #1000,if Itransfer $10,000,they charge #10,000 and so on.
To use this fund agent, you can call their agent through this
number:
08088150633(Nneka Nwaneri))
Wh(% y- )(%0 "h(m m%(y "h(y +$** h(*p y- " p#y " "h( mp#%y #%0
"h(% +h(% y-! $"(m) #!!$1( #" L#')4 "h(y +$** #*) h(*p y- " *(#! $" #%0
"h(y #% #*) )(%0 y- '0) " #%y p#!" / N$'(!$#.
Sm( "h(!) $%*-0(:
RITBATH CARGO SERVICES, 20A, LATEEF SALAMI AJAO
ESTATE, LAGOS.
Whenever your goods lands in Nigeria, he’ll give you a call to
Come and clear your product. What you pay for as clearing charges is the cost of shipping to
Nigeria which is a factor of the weight of the goods you’re
Importing.
The agent I use whose address is shown above charges
$5/kg.This means if the overall weight of your goods is 30kg,
Then you are going to pay $150 as shipping charges. The clearing
Fee is the government charges for your goods. The agent does the
Clearing for you at the port and then charges you for the clearing.
)ohn %aul './ress Cash contact:
,,012345,6316367 N,5$, +-$: 0@0/%7 0@0//220.
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NONIING LOGISTIC:
< N" 6 "S(IT'L# STR''T "%%"SIT' T &AN8- A$A9IN
RAC' %LA9A- C"$%#T'R ILLA' - I8')A LA"S7C*+"3": J*1 0@08@88 A5"$ 00@020;%%.
Meanwhile you must call them first to find out the
exchange rate they use for the particular day. Once you send the
money, you will then forward the Name & Phone number of the
contact person to them. Also you will forward to them the
amount you have sent through their bank account. Any other details you can find out from them when you make the
call.
THESE ARE SOME COMPANIES THAT I HAVE WORED WITH SUCCESFULLY7 YOUR
GOODS ARE ALWAYS SAVE WITH THEM.
CHAPTER .
Ch39 1 !$*"
"-'ITEMS COST
(In Naira)
SHIPPING
&
TOTAL
(In Naira)
SELLING
PRICE
PROFIT
POTENTIA
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CLEARING
(In Naira)
(In Naira) L
(In Naira)
Ladies Bags 1,200 800 2,000 4,000 2,000
Pam
Sandals
950 650 1,600 2,600 1,000
LadiesSandals
950 650 1,600 2,600 1,000
T- Sir! 650 450 1,100 2,000 900
Ladies
S"ir!s
900 700 1,600 3,500 1,900
Hair
Cli##ers
($AHL
ORIGINAL)
2,000 1,300 3,300 6,500 3,200
Men%s Si!s 4,800 2,200 7,000 15,000 8,000
T'M Sir!s 4,800 800 3,000 5,000 2,000
Y- #% m#3( # h$( /!m "h$) *$)" ! ' " "h( mp#%y p#'( py "h(mp#%y +(,)$"( #%0 h(3 -" 7 m$**$% #%0 m!( p!0-") )p!$%'$%' -p
(1(!y 0#y /!m "h(m. Y- #% ,-y #%y"h$%' #" # 1(!y )-!p!$)$%' p!$(.
.7
HO$ TO RAISE CAPITAL FOR OR IMPORTING
BSINESS
Raising capital for any business is a major challenge for potentialentrepreneurs. The importing business we are dissecting in this
manual too is not exempted from this challenge.
Highlighted below are some notable means of raising the needed
cash to start this line of importing business.
Since the importing business we are referring to in this manual
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can be started with less than a Hundred Thousand Naira, the
following means will be very efficient to raise the cash to start
this line of business.
1. FAMILY AND FRIENDS
This is the best and easiest means to raise cash for your
importing business. Assuming you want to follow the example
shown above which will demand that you raise a sum of Seventy
Thousand Naira for the business, it means you need #7,000 from
10 people, or #5,000 from 14 people, or #2,000 from 35 people.
Whichever of the options is easy for you, work on it and you will
be surprised that you will raise that capital within a short time
especially if you are the type that people can trust with money.
Another advantage to this form of raising cash for business is
that in most cases, it does not attract any form of interest
repayment on the principal amount borrowed.
2. ASSET MONETIZATION
This is another option opened to you to raise cash for your
business especially if you have the assets you can monetize. What
do you have at home that you can sell to raise the cash
needed for your business or part of the cash?
Since the business you’re going into will certainly bring out the
profit you need, you can always buy back the asset you sold
initially to start the business.
3. ENGAGE IN GROUP MONTHLY CONTRIBUTION
This method of raising cash is very popular among people who
receive salaries. It involves joining a group where individual
member of the group contribute a certain amount of money per
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month.
At the end of the month, a member collects the whole amount
and everyone keeps contributing monthly until the cash collected
at the end of each month goes round everybody. For example if it
is a group of ten people and each member contributes Ten Thousand every month, that means a sum of One Hundred
Thousand will be available at the end of each month for the
allotted member for each month to collect.
This was how I personally was able to raise the cash I started
with in this line of importing business.
I personally encourage anyone presently on a day-job to consider
this option and start this kind of group contribution. This
method of raising cash does not also attract any form of interestrepayment on the cash collected.
4. PARTICIPATE IN COOPERATIVE/RIFT SOCIETY
This method of raising cash is a little bit similar to the one
Discussed above. It is actually suitable for those employed in
Government service or other cooperate organizations where a
Cooperative society exists. As a member of a cooperative society, acertain amount of your
salary will be deducted monthly into the cooperative society. In
Most cases, you will be required to be a member of the society for
A certain period of time before you can be given a loan facility.
The beauty of this form of raising cash is that you can be given
Double of what you have in savings, as a loan facility.
For example, if your contribution monthly is just Five Thousand
Naira, it means at the end of 12 months, you should have aboutSixty Thousand Naira as your savings into the cooperative
scheme. With this amount, you can be given between a Hundred
Thousand Naira to One Hundred and Twenty Thousand Naira as
Loan facility payable over a period of at least 20 months.
The only shortfall of this form of raising cash is that an interest
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Repayment is involved (though not as killing as what our
Contemporary commercial banks charges).
4.2
W(" AR' !"#R TAR'T A#;I'NC'?
The target audience means your potential customers. What you
Decide to import and sell will determine to a large extent your
Audience.
For example if you go into men and ladies suit, then I can bet it
With you that the best set of customers you should target are
Bankers and other set of individual who work in cooperate
Offices. Selling suits to students and Doctors will not be a good
Venture.
If you import items like phones, iPods, phones and laptop
Computers, then I will advice that you get close to the university
environment. WHY? Because the bulk of your audience will be
students and the academia.
It is therefore very important that you consider the audience you
want to sell to and determine their need before you startimporting items. It is of no use to import items that are not
needed by your audience. It’ll be just a futile exercise.
4.3
ITEMS TO CONSI*ER $HEN STARTING AN IMPORTING
BSINESS
Personally, I will advice that you consider the following items as
products of choice when starting your importing business with
less than a One Hundred Thousand Naira only.
This is necessary so that you’ll be able to maximize profit on your
limited start-up capital. For example if you have just Seventy
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Thousand Naira, and you’re considering going into suit importing
Or buying laptops. With that amount of money, you can be sure
Of making nothing less than a 100% profit going into the suit
Business than to go into importing laptops where you’re not
Guaranteed more than 25% as profit!Consider the following items:
a. Clothes
b. Suits
c. Phones
d. Ladies Bags
e. Ladies Sandals
f. Male Sandals
g. Hair Clippersh. Shoes
I. Belts
j. Computer Accessories
k. Flash Drives
l. Mobile Phone Wrist watches
m. IPods, phones e.t.c
4.4
< ("W T" S'LL
1.OUTFIT/SHOP STRATEGY
This is the commonest strategy used by most marketers but not
necessarily the best approach. This strategy involves using a
location which may either be rented or personal. It has an
advantage that people will easily know what you do and sell andalso that you can easily be located via your shop address.
It has a disadvantage of extra cost of renting the shop and also
maintaining it. It is not an ideal approach for those who are
starting small.
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2'MOBILE APPROACH
This is an approach suitable for those who have a day job they
are doing and also work on the importing business part-time. Italso requires that the marketer is mobile (have a car).This
approach is mobile in the sense that whenever the marketer goes
for his or her normal daily routine, he/she can always take part
of his goods in his vehicle for marketing. This approach is not
used by many but for the aggressive marketer who is still
starting small and cannot afford the cost of renting a shop, it is
an effective approach to consider.
3. AFFILIATE APPROACH
This is an uncommon approach in our part of the world. It
involves you getting some people to market for you with a
commission in mind for them.
This approach is so effective in that your affiliates will do all the
leg work for you with great result. You don’t pay them salaries
but commission based on sales. A practical example is in thesales of my T.M shirts where I employed affiliates to drive the
sales for me. I instruct them to sell for a sum of Five Thousand
Naira and give me in returns Four Thousand Naira. In other
words, they have a commission of One Thousand Naira per sale
of a T.M Shirt.
When I introduced affiliates to drive my sale of T.M shirts, there
begins a tremendous transformation to my sales positively.
4.RESELLER APPROACH
This is an approach which involves selling to other retailers. This
approach is actually suitable for marketers who buy in bulk i.e
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importers with more capital to purchase enough goods. The
advantage of this is that you can quickly sell off your products
with good profit. It should be noted here that when you sell to
resellers, you should bring down the price to allow for profit too
on the part of the reseller.Meanwhile you’ll still make profit because you’re selling large
quantities to your resellers, and also your products will be sold
faster so that you can other for more.PDF !(#"(0
CHAPTER 5
AD+ERTISEMENT
USING FLYERS
This is another effective means of advertising your products.
Simple flyers can be designed on a computer and distributed
in places where people gather to relax like Churches, Banks,
Joints, Mr Biggs, Tantalizers e.t.c
CONVERSATIONS
This is a very effective way to market your product. Since we
relate to people everyday in our offices, in church, mosque,
parties, e.t.c, talking to people about what we do should not be
a problem at all. A lot of people find this difficult to do and I just don’t know
there is anyone who is shy to become rich in life.
This kind of advertisement is the best and cheapest. One
major thing that is important is getting across to your
Customers affordable and quality products. Once you’re able to
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Do that, your product will advertise you with time.
Till date I still get customers who kept looking for me without
Necessarily talking to them. Why?
Because they saw my product with one or two people and they
Like them and therefore wants to get to buy from me. This is The power of CONVERSATION.
5.1
T,E MOST RELAI-LE COMPAN. TO -U. FROM IN C,INA/
CHINA COMMODITY
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SHENNAN ROAD
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5.2
STEPS OF MAKING ORDERS DIRECT ONLINE.
7. h""p:
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. COLOURFULL WIG
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